Carrie Lilly
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1221-1223 2nd Street Nw
New Philadelphia, OH 44663

$2,500,000

12 Total Photos [Click to View All]

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Listing Details

  • $2,500,000
  • MLS# 5200090
  • Type Commercial - Business
  • Status Active
  • 0.441 acres
    Lot Size
  • 1966
    Year Built
  • New Philadelphia City
    Local Schools

Home Value Estimate

Description

The New Philadelphia Portfolio is a 38-unit residential investment package in New Philadelphia & Strasburg, Ohio, featuring a diversified mix of multifamily and single-family properties that together produce approximately 336,000 dollars in gross annual income and about 200,000 dollars in net operating income, reflecting an 8.0 percent going-in cap rate based on actual performance. This stabilized, income-producing portfolio is supported by real rent roll and trailing twelve-month financials, offering investors immediate cash flow with upside potential through lease-up of select units, rent normalization where current rents are below market,...read more

Features

  • Forced Air, Gas
  • $4,421 / year Taxes
  • Built in 1966
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Listed By

Agency Name: McInturf Realty
Agency Contact: 330-364-6648, jan@mcinturfrealty.net

Shown By

Agent Name: Carrie Lilly
Agent Phone: (704) 615-3723
Agency Title: Old Colony, REALTORS®
Agency Contact: Contact

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/20/2026. The listing information on this page last changed on 04/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/20/2026 2:22:36 AM EST) or CBRMLS (last updated Mon 04/20/2026 12:44:35 AM EST) or Beckley MLS (last updated Sun 04/19/2026 3:00:42 PM EST) or Kanawha Valley MLS (last updated Sun 04/19/2026 11:32:11 PM EST) or HTGN MLS (last updated Sun 04/19/2026 11:39:30 PM EST) or Wheeling MLS (last updated Sun 04/19/2026 10:36:54 PM EST) or West Penn MLS (last updated Sun 04/19/2026 11:28:29 PM EST) or NCWV MLS (last updated Fri 04/17/2026 5:43:21 PM EST) or Mercer/Tazewell MLS (last updated Sun 04/19/2026 11:14:20 PM EST) or MLS NOW (last updated Sun 04/19/2026 7:27:45 AM EST) or Greenbrier Valley Board of Realtors (last updated Sun 04/19/2026 11:01:00 PM EST) or Ashland KY MLS (last updated Sun 04/19/2026 10:20:12 PM EST). Real estate listings held by brokerage firms other than Old Colony, REALTORS® may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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